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Alstom Prepares Itself
For Slowdown in Orders

PARIS -- Alstom SA said it will tackle an expected slowdown in orders during the next two years by reducing costs, cutting investment and focusing on growth markets.

Although the Franco-British engineering company reported Tuesday a 14% rise in new orders to 7.3 billion European currency units ($8.73 billion) for the first half, from 6.4 billion ECUs a year earlier, Chairman Pierre Bilger warned that new orders for the full year won't...